Undertand the reasons for starting this type of business
Be able to explain the benefits of this type of business
Starter
On your post-it, explain what these businesses have in common. Stick this on the whiteboard
Information
A franchise is a business which is run by an invidual who has bought the rights to trade as part of a bigger organisation. Did you realise that your local McDonalds is not owned by the McDonalds company? Or your local Domino's?
Task
With a partner write a list of the benefits of starting this kind of business.....
Activity
Discuss with your neighbor what you think the costs would be in buying a franchise like McDonalds? How different do you think the costs would be if you were buying a franchise for the Pauline Quirke Academy?
Task
Use the internet to find some lists of franchises - make a list of companies you already know, that offer franchise opportunities.
Business Studies
Starter
On your post-it, explain what these businesses have in common. Stick this on the whiteboard
Information
A franchise is a business which is run by an invidual who has bought the rights to trade as part of a bigger organisation. Did you realise that your local McDonalds is not owned by the McDonalds company? Or your local Domino's?Task
With a partner write a list of the benefits of starting this kind of business.....
Activity
Discuss with your neighbor what you think the costs would be in buying a franchise like McDonalds? How different do you think the costs would be if you were buying a franchise for the Pauline Quirke Academy?Task
Use the internet to find some lists of franchises - make a list of companies you already know, that offer franchise opportunities.Plenary